Bruton Knowles is delighted to be bringing Mayflower House, Armanda Way, Plymouth to the market.
The property was a well-recognised office building and over the years has included such notable occupiers as Eagle Star. However, given its strategic position on Armanda Way, close to the University campus, as part as part of the recent trend for conversion of office buildings and the construction of new buildings to provide high quality student accommodation for the expanding University sector, previous owners saw an opportunity to create a landmark building on the site, to complement the adjacent Beckley Point building.
Planning consent was granted in 2016 for a substantial scheme of 18 storeys which would have included 490 student bedrooms together with retaining some 25,000 sq ft of offices and a hotel. The previous developers have commenced the strip out of the existing building in implementing those works.
However, due to the economic climate and more recently the dramatic impact of Covid on the viability of major developments particularly in the south west, it is regrettable and somewhat inevitable that the scheme has ‘stalled’ given the numbers of students now in the City.
As such, Mayflower House now provides a strategic and exciting opportunity for a new, reimagined future use and Bruton Knowles are already in discussion with a number of interested parties very early in the marketing process.
Mark Slade, Associate at Bruton Knowles comments: “We look forward to attracting significant interest and securing a new owner to repurpose this building to provide an exciting scheme for this crucial area of Plymouth which will complement future growth around the railway station and University.”
Further details of the opportunity can be obtained from Mark Slade or Ashleigh Phillips at Bruton Knowles, telephone 01752 936101.